Swiss National Bank trimmed its position in shares of Automatic Data Processing (NASDAQ:ADP) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,956,985 shares of the business services provider’s stock after selling 314,200 shares during the quarter. Swiss National Bank’s holdings in Automatic Data Processing were worth $229,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ADP. Legacy Advisors LLC acquired a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $103,000. Calton & Associates Inc. acquired a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $118,000. Acrospire Investment Management LLC acquired a new position in shares of Automatic Data Processing during the second quarter worth approximately $102,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth approximately $114,000. Finally, Cerebellum GP LLC acquired a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $129,000. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

In other Automatic Data Processing news, CEO Carlos A. Rodriguez sold 95,756 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $118.09, for a total value of $11,307,826.04. Following the completion of the sale, the chief executive officer now owns 124,722 shares of the company’s stock, valued at $14,728,420.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John P. Jones III sold 5,688 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $116.03, for a total transaction of $659,978.64. Following the completion of the sale, the director now directly owns 53,956 shares of the company’s stock, valued at approximately $6,260,514.68. The disclosure for this sale can be found here. Insiders sold 149,767 shares of company stock worth $17,801,722 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

Automatic Data Processing (NASDAQ ADP) opened at $111.65 on Tuesday. Automatic Data Processing has a twelve month low of $95.50 and a twelve month high of $125.24. The firm has a market cap of $49,490.00, a P/E ratio of 28.92, a P/E/G ratio of 2.43 and a beta of 0.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.10. Automatic Data Processing had a net margin of 13.47% and a return on equity of 43.28%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the business posted $0.87 earnings per share. Automatic Data Processing’s revenue was up 8.3% compared to the same quarter last year. equities analysts predict that Automatic Data Processing will post 4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 annualized dividend and a yield of 2.26%. Automatic Data Processing’s dividend payout ratio is currently 65.28%.

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Automatic Data Processing from $113.00 to $133.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Barclays upped their target price on shares of Automatic Data Processing from $121.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Zacks Investment Research upgraded shares of Automatic Data Processing from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Tuesday, January 23rd. BidaskClub upgraded shares of Automatic Data Processing from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Automatic Data Processing in a research report on Thursday, February 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $118.43.

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About Automatic Data Processing

Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.

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Institutional Ownership by Quarter for Automatic Data Processing (NASDAQ:ADP)

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